122 Joseph Dr · Ozark, AL 36360

$145,000

4 bd · 1.0 ba · 1,644 sqft · SingleFamily public records · 22 Days on market

Built 1966 0.53 ac lot Est $182k · 21% under

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Why this score? — see what drove the D+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• ARV discount +15.0/15.0
• Cash flow +14.7/30.0
• DSCR +4.5/10.0
• 1% rule +4.1/10.0
• Livability +3.1/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome home to 122 Joseph Drive in Ozark, Alabama! This charming brick home offers 4 bedrooms, 2 bathrooms, and a functional layout perfect for everyday living. Situated on a spacious corner lot in the heart of Ozark with flowering bushes and trees to include a fig tree. This property features newer windows, a fenced backyard ideal for pets or entertaining, and a one-car garage for added convenience. Enjoy the comfort, curb appeal, and location this well-maintained home has to offer. Whether you're looking for your first home, more space, or a great investment opportunity, this one is a must-see!

Key facts

• Flowering bushes
• Fig tree
• Spacious corner lot

Tags

• BRICK HOME
• SPACIOUS CORNER LOT
• FLOWERING BUSHES
• FIG TREE
• NEWER WINDOWS
• FENCED BACKYARD

Property features AI

Exterior

• Parking: Attached garage (1 covered parking space / 1 garage space, total 1 parking space)
• Utilities: Public water; Public sewer
• Home design: Single-family residence; One level
• Construction: Brick and vinyl siding exterior
• Exterior features: Waterfront lot; Lot approximately 0.53 acres (about 140 x 165)

Interior

• Kitchen: Cooktop; Oven; Microwave; Dishwasher; Refrigerator; Electric water heater
• Flooring: Carpet; Vinyl; Laminate
• Bathrooms: 2 full bathrooms
• Interior features: Ceiling fans; Double-pane windows
• Laundry & utility: Laundry located in garage

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $145k.

Deal economics

• At list price, monthly cash flow is $37 ($441/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $131k (9.3% below list).
• Recommended offer: $131k (9.3% below list) — sets the bar for 1% rule.
• Cap rate 6.6% vs local median 4.3% in Ozark — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 62/100 on livability (#224 in AL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: crime F, amenities F, commute F.
• Ozark City (town): math 11% / reading 36% proficiency, ranked #99 of 129 in AL (top 77%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: D A Smith Middle School (math 7% / reading 35%, grade F, #188 of 257 statewide, top 74%, 485 students, 65% FRL); Carroll High School (math 22% / reading 27%, grade F, #118 of 305 statewide, top 45%, 638 students, 58% FRL) — zoned schools at 61% FRL track the district average.
• Market conditions: 184 active listings in the ZIP; 38 units permitted in Dale County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Dale County population projected at -20% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 22 days — a 2% lower offer ($143k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $131,495 (9.3% below list)

Questions for the listing agent

1. Built in 1966 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
4. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
5. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
6. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
7. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
8. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.91% ✗
• Cap rate: 6.60%
• Cash-on-cash: 1.09%
• DSCR: 1.05
• GRM: 9.2

CMA / ARV

• ARV (on-the-fly): $182,484
• Comps found: 7

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
259 Joseph Dr	0.13mi	3/2.0 (-1)	1,626 (-1%)	23mo	$174,900	$108	64
1048 E Roy Parker Rd	0.22mi	4/2.5	1,823 (+11%)	4mo	$167,500	$92	62
236 Doncaster N	0.46mi	3/2.0 (-1)	1,690 (+3%)	4mo	$266,500	$158	61
216 Doncaster N	0.46mi	3/2.0 (-1)	1,690 (+3%)	4mo	$269,000	$159	61
158 Broadview Ter	0.22mi	3/1.5 (-1)	1,458 (-11%)	10mo	$103,000	$71	55
547 Northwood Dr	0.18mi	3/2.0 (-1)	1,501 (-9%)	18mo	$167,000	$111	53
672 E Roy Parker Rd	0.25mi	3/2.0 (-1)	1,873 (+14%)	8mo	$235,000	$125	49

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -14.6%
• Equity multiple: 0.48×
• Total profit: $-21,136
• Equity at exit: $21,620

10-year hold

• IRR: -5.8%
• Equity multiple: 0.62×
• Total profit: $-15,310
• Equity at exit: $12,537

Cash invested: $40,600 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 90 Strongly Landlord-Friendly
• State Alabama: 90 Strongly Landlord-Friendly · R+15
• County: — inherits STATE
• City: — inherits STATE

Right-to-evict in 7 days for non-payment; no rent control; preempted statewide; courts move quickly.

Methodology + full state rankings →

ZIP-level market 36360

• Home prices YoY: -6.9%
• Active inventory: 184
• Price-to-rent: 9.2×

Monthly cashflow live

• Estimated rent: $1,315 medium
• Mortgage (P&I): −$760
• Tax est. 1.5%: −$181 /mo · $2,175/yr
• Insurance: −$60
• HOA: −$0
• Vacancy / Maint / Mgmt: −$276
• Net cashflow: $37

Break-even live

Break-even rent $1,268

Max offer price $145,000

Occupancy floor 92%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $36,250
• Closing costs: $4,350
• Reserves months: —
• Total cash needed: —

Listing history 18 events

1. 2026-06-19
   days on market $145,000 Active 22 DOM
2. 2026-06-18
   days on market $145,000 Active 21 DOM
3. 2026-06-17
   days on market $145,000 Active 20 DOM
4. 2026-06-16
   days on market $145,000 Active 19 DOM
5. 2026-06-15
   days on market $145,000 Active 18 DOM
6. 2026-06-14
   days on market $145,000 Active 16 DOM
7. 2026-06-12
   days on market $145,000 Active 15 DOM
8. 2026-06-09
   days on market $145,000 Active 12 DOM
9. 2026-06-08
   days on market $145,000 Active 11 DOM
10. 2026-06-07
    days on market $145,000 Active 10 DOM
11. 2026-06-07
    days on market $145,000 Active 9 DOM
12. 2026-06-04
    days on market $145,000 Active 6 DOM
13. 2026-06-02
    days on market $145,000 Active 5 DOM
14. 2026-06-01
    days on market $145,000 Active 4 DOM
15. 2026-05-31
    days on market $145,000 Active 3 DOM
16. 2026-05-31
    days on market $145,000 Active 2 DOM
17. 2026-05-28
    listed $145,000 Active

    Show marketing remark (604 chars)

    Welcome home to 122 Joseph Drive in Ozark, Alabama! This charming brick home offers 4 bedrooms, 2 bathrooms, and a functional layout perfect for everyday living. Situated on a spacious corner lot in the heart of Ozark with flowering bushes and trees to include a fig tree. This property features newer windows, a fenced backyard ideal for pets or entertaining, and a one-car garage for added convenience. Enjoy the comfort, curb appeal, and location this well-maintained home has to offer. Whether you're looking for your first home, more space, or a great investment opportunity, this one is a must-see!

18. 2026-05-28
    listed $145,000 Active 604-char remark

    Show marketing remark (604 chars)

    Welcome home to 122 Joseph Drive in Ozark, Alabama! This charming brick home offers 4 bedrooms, 2 bathrooms, and a functional layout perfect for everyday living. Situated on a spacious corner lot in the heart of Ozark with flowering bushes and trees to include a fig tree. This property features newer windows, a fenced backyard ideal for pets or entertaining, and a one-car garage for added convenience. Enjoy the comfort, curb appeal, and location this well-maintained home has to offer. Whether you're looking for your first home, more space, or a great investment opportunity, this one is a must-see!

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 7/10 Severe 7 d/yr ≥107°F today · 20 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,779
• − Mortgage interest: −$8,122
• − Property taxes: −$2,175
• − Insurance: −$725
• − Repairs & maintenance: −$1,262
• − Management: −$1,262
• − Depreciation: −$4,218
• Taxable loss: −$1,986
• Est. tax savings @ 24.0%: +$477
• After-tax cash flow: $918/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Ozark City
• NCES district ID: 0102640
• Math proficiency: 11% ▼ -24.00%
• Reading proficiency: 36% ▲ 1.00%
• Median HH income: $39,155
• Composite: 19.67/100
• National rank: #8733
• State rank: #99 of 129 in AL

Livability — Ozark

• Score: 62/100
• State rank: #224
• US rank: #16855

Category grades

Amenities F Commute F Cost of living A+ Crime F Employment F Housing A+ Health & safety A+ User ratings F

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Ozark, AL
• City population: 19,461
• Population (ZIP): 19,461

Population outlook (Dale County) Hauer SSP2

• Today (2025): 46,805 people
• By 2030: 45,176 · -3.5%
• By 2040: 41,523 · -11.3%
• By 2050: 37,575 · -19.7%
• By 2075: 28,931 · -38.2%
• By 2100: 22,172 · -52.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority White (65%)
• Race & ethnicity: White 65% Black 27% Hispanic / Latino 4% Two or more races 3% Asian 1%
• Common ancestry: Serbian 2% Lithuanian 1% Slovak 1%
• Foreign-born: 4% · Canada
• Languages at home: 94% English-only · Spanish 3% German/W. Germanic 1% Other Asian/Pacific 1%

Political lean MEDSL · Dale

• 2024 margin: Solid R (+52.3) · D 23.5% · R 75.8%
• 2008→2024 swing: -7.7pp toward R · 2008: -44.6pp · 2024: -52.3pp
• All cycles: 2024: R+52.3 2020: R+46.3 2016: R+50.4 2012: R+42.2 2008: R+44.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -14.80%
• Current HPI: 198.6765
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 2.94%
• F500 in state: 4

Industry mix (Fortune 500 HQ in AL)

Industry	F500 HQs	Revenue
▸Financial Services	1	$8B
▸Healthcare	1	$5B

Price history

+0.0% since first listed

2 events — show timeline

• 2026-05-28 Listed $145,000 WBR
• 2026-05-28 Listed $145,000 SAMLS